CAMTEK ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2024
Camtek Ltd. - Ordinary Shares (CAMT)
Last camtek ltd. - ordinary shares earnings: 2/20 06:45 am
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camtek.com/investors/overview
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Source: PR Newswire
Record revenues of $112 million; Q4 revenue guidance of ~$115 million, up 30% YoY, primarily driven by High Performance Computing applicationsMIGDAL HAEMEK, Israel, Nov. 12, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the third quarter, ended September 30, 2024.Highlights of the third quarter of 2024Record revenues of $112.3 million, a 40% year-over-year (YoY) increase;GAAP operating income of $29.6 million (up 56% YoY) and non-GAAP operating income of $34.2 million (up 56% YoY), representing operating margins of 26.4% and 30.6%, respectively;GAAP net income of $32.7 million and non-GAAP net income of $37.0 million; andStrong positive operating cash flow of $35.8 million. Forward-Looking ExpectationsManagement expects revenues in the fourth quarter of 2024 of approximately $115 million, which would represent a 30% increase over revenues in the fourth quarter of 2023, with sequential growth in Q1 2025. Management CommentRafi
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CAMT
News
- Camtek Ltd. (NASDAQ: CAMT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Camtek Ltd. (NASDAQ: CAMT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $95.00 price target on the stock.MarketBeat
- Camtek Ltd. (NASDAQ: CAMT) had its price target raised by analysts at Northland Securities from $99.00 to $102.00. They now have an "outperform" rating on the stock.MarketBeat
- Camtek Ltd (CAMT) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Plans [Yahoo! Finance]Yahoo! Finance
- Camtek Ltd. (NASDAQ: CAMT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
CAMT
Earnings
- 11/12/24 - Beat
CAMT
Sec Filings
- 11/12/24 - Form 6-K
- 11/4/24 - Form 6-K
- 9/25/24 - Form 6-K
- CAMT's page on the SEC website